Form LS-II is an e-VAT annexure that captures the local sales returns made by the dealer.
Form LS-II displays transactions where:
● The Nature of transaction selected is Sales Taxable .
● The VAT TIN number of the party is 11 digits long and starts with 02.
To export Form LS-II
1. Go to Gateway of Tally > Display > Statutory Reports > VAT > Form VAT XV > Annexures .
2. Select VAT Form LSII .
3. Press Enter .
4. Press Ctrl+E .
Note: Ensure that the excel template is available at the export location.
5. Enter the address to be captured for sales made to unregistered dealers in the field Retail Sales Address . This field is enabled only when the option Consolidate Retail Sales? is set to Yes .
6. Press Enter to export.
The fields in annexure are described below:
|
Field Name |
Description |
|
Purchaser's Name |
Displays the name of the party returning the goods, as recorded in the Party details screen, or the Mailing Name in the party ledger master. It also display Retail Sales against consolidated value of sales made to unregistered dealer when the option Consolidate Retail Sales? is enabled in the Export Report screen while exporting the annexure. |
|
Address of the purchaser |
Displays the address of the buyer returning the goods, as recorded in the Party details screen or in the party ledger master for local sales return. It also displays the address recorded in the field Retail Sales Address in the Export Report screen while exporting the annexure in case of consolidated value of sales made to unregistered dealer. |
|
Registered/Unregistered |
Displays the type of the dealer specified in the party ledger master. ● Registered Dealer is selected when goods are sold to the party who is registered under VAT and has a valid TIN. ● Unregistered Dealer is selected when sales is made to a party who is not registered under VAT, and therefore, does not have a valid TIN. |
|
TIN |
Displays the company TIN, as recorded in the field VAT TIN No. in the VAT Details screen of the party ledger master or in the field TIN/Sales Tax No. in the Party Details screen of transaction. |
|
Value sales during Tax period |
Displays the aggregate assessable value from all the credit notes recorded for the party in the specified period. |
|
VAT during Tax period |
Displays the aggregate tax amount value from all the credit notes recorded for the party in the specified period. |